• French Tax Law: Landmark Court Decision Concerning the Non-Cooperative States Regime - The French Constitutional Court Has Ruled That the Non-Cooperative States Regime Must Include an Exemption for Non-Abusive Transactions
  • March 27, 2015 | Authors: Gauthier Blanluet; Marie-Aimée Delaisi; Nicolas de Boynes
  • Law Firms: Sullivan & Cromwell LLP - New York Office ; Sullivan & Cromwell LLP - Paris Office ; Sullivan & Cromwell LLP - New York Office
  • At the end of 2009, France enacted a regime applicable to transactions with non-EU Member States that do not comply with international standards on exchange of information (Non-cooperative States and Territories or “NCSTs”). The list of NCSTs, initially derived from the OECD Non-Cooperative States blacklist, is updated annually.